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From: pvlm@hou2f.UUCP (P.LAMASTER)
Newsgroups: net.invest
Subject: Re: Interesting IRA Idea
Message-ID: <342@hou2f.UUCP>
Date: Tue, 4-Sep-84 12:29:17 EDT
Article-I.D.: hou2f.342
Posted: Tue Sep  4 12:29:17 1984
Date-Received: Thu, 6-Sep-84 03:19:52 EDT
References: <1031@ucla-cs.ARPA>
Organization: AT&T Bell Labs, Holmdel NJ
Lines: 8


  The only problem with borrowing money to finance an IRA is that
the IRS code specifically prohibits doing it.  I can't quote from
the code so I'm not 100% sure, but I'm fairly certain that the IRS
went out of their way to prevent the exact scenario suggested.

  Pete LaMaster NJ   (201)949-5009  ihnp4!hou2f!pvlm